Study Resources (Accounting)

5) Differentiate between client and server computers.
6) What are two important software constraints? Explain with suitable examples.
7) Differentiate between an operating system and an application program.
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21) Automation of a process activity consists of moving work from the ________ to the ________ of the symmetrical five-component framework.
A) computer side; human side
B) data side; procedures side
C) human side; computer side
D) software side; hardware side
22) Information is defined as ________.
A) recorded facts and figures
B) data that fits into.

11) Creating and testing promising new alternatives, consistent with available resources is an example of ________.
A) experimentation
B) abstraction
C) systems thinking
D) collaboration
12) ________ is the ability to make and manipulate models.
A) Abstract reasoning
B) Systems thinking
C) Social learning
D) Experimentation
13) ________ is the ability to model the components of a unit, to connect.

21) Accurate information is information that is based on correct and complete data, and has been processed correctly as expected.
22) Just barely sufficient information is information that is sufficient for the purpose for which it is generated, but only so.
23) A well-formatted report is characteristic of good information.
24) Relevant information.

10) Define management information systems. What are the key elements of its definition?
11) Other than development tasks, what are the other roles than you will need to undertake in the use of information systems?
12) What are the points one needs to keep in mind when deciding to implement a management.

Essay
1) What is a business process? Define activities.
2) List the components of a business process.
3) Briefly describe a repository.
4) What are resources in a business process?
5) Describe the process of automation against the background of the five-component framework of an information system.
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True or False
1) Competitive strategy determines an organization's value chain.
2) Porter originally developed the five forces model in order to understand organizations' competitive environment.
3) According to Porter's five forces model, a company is profitable if all the five competitive forces are strong.
4) The bargaining power of competitors is one of.

11) If customers perceive the benefits of a substitute to be similar to that of a product then ________.
A) the threat of the substitute is weak
B) the price should be increased to retain market
C) the threat from the substitute is strong
D) there is no threat from the substitute
12) The strength.

Multiple Choice
1) The competitive strategy followed by an organization is derived from its ________.
A) function
B) structure
C) profits
D) goals
2) The competitive strategy of an organization determines its ________.
A) industry rivals
B) short-term goals
C) value chains
D) structure
3) In which of the following situations would the suppliers have the strongest bargaining power?
A).

47) After creating new customers and entering beginning balances, the report that displays information so you can review for accuracy is called the:
A) Customer Contact List.
B) Aged Payables report.
C) Accounts Receivables Journal.
D) Sales Accounts.
48) If you need to add additional vendors after setting up the new company then open the.

11) A ________ is a column or group of columns that identifies a unique row in a table.
A) field
B) byte
C) file
D) key
12) Columns that are keys of a different table than the one in which they reside are known as ________ keys.
A) foreign
B) aspect
C) relational
D) variable
13) Databases that carry their.

37) The Company Preferences tab under Items & Inventory allows you to do all the following EXCEPT:
A) activate inventory and purchase orders.
B) warn about duplicate purchase order numbers.
C) enter the Job status description.
D) warn if not enough inventory quantity on hand to sell.
38) The Payroll & Employees tab under Preferences.

5) Distinguish between a primary and a support activity in the value chain.
6) Differentiate between value and margin.
7) Describe using an example, the primary activities in a value chain.
8) What is a value chain? List the primary activities in a value chain.
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21) Porter's model of business activities includes linkages, which are interactions across value activities.
22) Firm infrastructure excludes general management, finance, accounting, legal, and government affairs.
23) Business processes implement value chains or portions of value chains.
24) Supporting activities contribute to a margin and are easier to calculate than primary activities.
25) Manufacturing.

11) The outermost components of the symmetrical five-component framework of an IS are data and procedures.
12) In the five-component framework of an IS, the actors are hardware and people.
13) Software and procedure components are both sets of instructions, in the IS framework.
14) Procedures act as the bridge between the computer.

8) List the four major operating systems and their usages.
9) How can individuals and firms buy computer programs?
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True or False
1) Moore's Law states that the number of transistors and integrated chips used in a computer doubles in every 18 months.
2) As a result of Moore's Law, the price/performance ratio of computers has increased dramatically over the years.
3) Because of Moore's Law, the cost of data communications and.

6) Define information.
7) Explain data with an example.
8) Define accurate information. Why is an information system providing accurate information crucial to an organization?
9) Explain the importance of timeliness of information in an organization.
10) In some cases, developing systems that provide information in near real time is much more difficult.

31) Which of the following is an essential characteristic of a strong password?
A) It should have at least 12 characters.
B) It should contain a complete dictionary word.
C) It should not contain many special characters.
D) It should not contain your user name or company name.
32) You have created a password which.

31) An individual buying a computer program ________.
A) accrues liability for the usage of the program
B) can install the program on multiple computers
C) just buys a license to use the product
D) can also use most other programs using the license
32) ________ is a form of hardware/software leasing in which organizations.

11) According to Porter, to be effective the organization's goals, objectives, culture, and activities must be consistent with the organization's strategy
12) A business that selects a differentiation strategy would structure itself around least-cost activities.
13) Organizations analyze the structure of their industry, and, using that analysis, they formulate a competitive strategy.
14).

11) Define relevant information. Explain the importance of relevant information in an organizational context.
12) Explain the importance of just barely sufficient information in the information age we live in.
13) What are the costs associated with information? When is information considered to be worth its cost?
14) List the two major benefits.

True or False
1) Members of a team in a company can determine where and how to save costs, by studying the company's business processes and looking for inefficiencies.
2) In a business process, activities are always automated.
3) An activity is considered automated when it is characterized by people following procedures.
4) In.

Multiple Choice
1) "The number of transistors per square inch on an integrated chip doubles every 18 months." This observation is known as ________ Law.
A) Murphy's
B) Moore's
C) Amdahl's
D) Metcalfe's
2) Which of the following statements best describes Moore's Law?
A) A computer becomes obsolete within 18 months.
B) The number of transistors per square.

9) Explain value chain linkages.
10) How did Porter define technology, human resources and firm infrastructure?
11) Describe the support activities in a value chain.
12) What is the criterion on which business processes should run?
13) How can one develop competitive strategies using products? How can information systems help in the process?
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17) QBP's wizards for starting a new company include:
A) creating the chart of accounts.
B) creating customer and vendors.
C) creating inventory and employees.
D) all the above.
18) QBP's new company Data File Wizard can be access by selecting:
A) File>>New Company.
B) File>>Company>>New Company.
C) File>>New Company Setup.
D) File>>Setup>>New Company.
19) When creating a new company,.

21) Collecting, storing, and physically distributing the product to buyers describes which of the following primary activities?
A) inbound logistics
B) sales and marketing
C) outbound logistics
D) operations/management
22) Inducing buyers to purchase the product and providing a means for them to do so describes which of the following primary activities?
A) inbound logistics
B) sales.

Multiple Choice
1) Which device listed below is an example of an output hardware device?
A) keyboard
B) flatbed plotter
C) CPU
D) magnetic disk
2) Which of the following is considered to be input hardware?
A) keyboard
B) video display
C) speakers
D) plotter
3) Which of the following is sometimes called the "brain" of the computer?
A) magnetic disk
B) special.

65) When creating a company's Chart of Accounts, you click the ________ button on the Edit Account window to enter the beginning balance for the account.
66) On the My Preferences tab in the Preferences window, options under Reports and Graphs allows you to set reports to refresh ________.
67) In the.

21) A group of components that interact to achieve a purpose is referred to as a(n) ________.
A) system
B) element
C) process
D) entity
22) When you use a computer to write a class report, you are using the computer, storage disk, keyboard, and monitor as tools. You use MS Word or some other.

True or False
1) Hardware consists of electronic components and related gadgetry that input, process, output, and store data according to instructions encoded in computer programs or software.
2) Printers are examples of output hardware.
3) A flatbed plotter is an example of an input device.
4) The CPU selects instructions, processes them, performs.

21) Which of the following is true of a client?
A) They usually have multiple CPUs.
B) They have software that enables them to connect to a network.
C) They have limited video displays or no display at all.
D) They can process emails or large shared databases.
22) Which of the following is true.

11) A ________ is 1,024 bytes.
A) K
B) MB
C) GB
D) TB
12) The CPU has a small amount of very fast memory called ________.
A) the main memory
B) a data channel
C) serial bus
D) a cache
13) To execute an instruction, data is moved from the main memory to CPU via the ________.
A) bus
B) operating.

11) Effective collaboration is all about being nice to your team members.
12) Statements such as, "I've never done this before" and "Is it too weird for the market?" show a lack of ability to experiment.
13) Experimentation only increases the fear of failure.
14) If you are provided with an unfamiliar.

Essay
1) Define Moore's Law and explain how the phenomenon it describes affects the technology business.
2) What is a marketable skill?
3) What is abstract reasoning? Provide an example.
4) What is meant by systems thinking?
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11) A(n) ________ is a collection of business records.
A) repository
B) role
C) activity
D) resource
12) Which of the following components of a business process holds the collective memory of an organization?
A) decisions
B) resources
C) repositories
D) activities
13) ________ are shown as scrolls in a business process flowchart.
A) Roles
B) Resources
C) Decisions
D) Repositories
14) What is the.

5) What is collaboration? How can one ensure effective collaboration?
6) What is experimentation? Explain its importance.
7) Describe an information system.
8) Describe the five components of an information system using an example.
9) Do you think a computer is an essential component of an information system? Why or why not?
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27) To customize the Chart of Accounts to use account numbers, select Edit>>Preferences>>Company Preferences and mark the:
A) setup Trial Balance option.
B) Create account numbers option.
C) Use report general ledger option.
D) Use account numbers option.
28) You can edit the following fields on an existing general ledger account:
A) Account Type and Account.

21) Business professionals should look at information systems and technologies only through the lens of business need.
22) Information systems can be bought whereas information technology cannot.
23) Strong passwords have five or more characters.
24) Good passwords contain a complete dictionary word.
25) The "do-si-do" move refers to the password etiquette one must.

11) The term byte stands for binary digit.
12) A specification that a computing device has 100 million bytes of memory means that the device could hold up to 100 million characters.
13) A gigabyte is 1,024 terabytes.
14) To run a program or process data, the CPU must first transfer the program.

Multiple Choice
1) The purpose of a database is to ________.
A) use special technology to monitor a single theme
B) design, write, test, troubleshoot, and maintain the source code of computer programs
C) use a logical data model of information to describe and build architectures
D) keep track of things that involve more than.